Hydrate Inc
- Assets
- $52.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pelham, AL
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 82-4155614
Organization Overview
Hydrate Inc is located in Pelham, AL. The organization was established in 2019. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hydrate Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hydrate Inc generated $46.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $23.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED VALUABLE LIFE LESSONS THROUGH SCHOOL ASSEMBLY PROGRAMS FOCUSED ON CHARACTER EDUCATION AND CHARACTER DEVELOPMENT. COMMUNITY EVENTS WERE DESIGNED TO IMPACT STUDENTS, FAMILIES, AND THEIR ENTIRE COMMUNITY. 12,000 BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Beck President | 15 | $9,000 | |
Bethany Beck Secretary/treasurer | 4 | $0 | |
Jonathan Newman Director | 3 | $0 | |
Craig Haskins Director | 3 | $0 | |
Michael Teslich Director | 3 | $0 | |
John Douglas Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,427 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,427 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,000 |
| Professional fees and other payments to independent contractors | $1,175 |
| Occupancy, rent, utilities, and maintenance | $1,050 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,177 |
| Total expenses | $23,402 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,895 |
| Other assets | $0 |
| Total assets | $52,083 |
| Total liabilities | $0 |
| Net assets or fund balances | $52,083 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hydrate Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Paramount Church Inc Palm Beach, FL | $0 | $8,970,572 |
Allegany Franciscan Ministries Inc Palm Harbor, FL | $132,053,877 | $12,610,220 |
Christian Sharing Center Inc Longwood, FL | $4,167,594 | $10,357,110 |
Maimonides-Shalom Academy Inc Fort Lauderdale, FL | $17,956,185 | $11,187,159 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |
Artists In Christian Testimony Brentwood, TN | $4,393,846 | $10,064,345 |
Love Worth Finding Ministries Inc Memphis, TN | $3,628,719 | $7,504,607 |
Phil Waldrep Evangelistic Association Decatur, AL | $5,783,944 | $9,174,147 |
Providence Ministries Inc Dalton, GA | $6,212,621 | $7,183,854 |
Network Of Intl Christian Schools Oasis Intl Schools Inc Southaven, MS | $11,716,346 | $5,360,782 |
North Point Productions Inc Alpharetta, GA | $13,308 | $5,389,705 |